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BNY Mellon hires Aberdeen Standard's Michael Beveridge for distribution role

News Team, 22/05/2019

BNY Mellon Investment Management has appointed Michael Beveridge as head of UK intermediary distribution.

Mr Beveridge will begin his new role on 29 July 2019, and will report to Hilary Lopez, head of European intermediary distribution. He will be overseeing BNY Mellon Investment Management’s strategy across its discretionary, wealth management, retirement, strategic partnerships and advisory segments.

He will also offer clients and investors solutions from BNY Mellon Investment Management’s investment firms, including Insight Investment, Newton Investment Management, Mellon Investments Corporation, Walter Scott & Partners and Alcentra.

Mr Beveridge has over two decades of experience working in the distribution sector, and joins the investment manager from Aberdeen Standard Investments where he has held a number of senior distribution roles. Most recently, he was head of UK investment distribution at the company and had overall leadership of the firm’s investment business strategy across the country.

Mr Lopez was pleased with the high-quality nature of the appointment.

He said: “We are delighted to have attracted someone of Michael’s calibre to lead our UK intermediary business, which continues to be strategically important for BNY Mellon Investment Management. I am excited to welcome Michael to the team.”

BNY Mellon Investment Management is an investment management organisation with $1.8 trillion in assets under management. It is a division of BNY Mellon, which currently has $34.5 trillion in assets under custody and administration.

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